info@crckosher.org

EZcRc Login

Payments

773-465-3900

News

Nestlé sells US ice cream business to joint venture in $4B deal


For much of the last two years, Nestlé ​has been overhauling its portfolio to capture growth in the food space and shed underperforming or slow-growing businesses. Last year, Nestlé ​​sold its U.S. chocolate business, a deal that included more than 20 American candy brands like Butterfinger and Baby Ruth, to Ferrero for $2.8 billion.

Similar to its exit from candy where it competed with sweet giants Hershey and Mars Wrigley in the U.S., Nestlé’s biggest competitor in the ice cream space domestically is Unilever. The European company’s portfolio includes well-known brands such as Ben & Jerry’s, Talenti, Breyers, Klondike and Popsicle. GlobalData estimated Unilever​ has almost twice the global market share of its nearest competitor.

Click here to read more


Comments are closed.

The Chicago Rabbinical Council

2701 W. Howard St.
Chicago, IL 60645

Phone: (773) 465-3900

General Fax: (773) 465-6632
Kashrus Dept. Fax: (773) 465-6929


cRc Kosher Logo